Climb Global Solutions (NASDAQ: CLMB) officer has 645 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Climb Global Solutions, Inc. Chief Alliance Officer Charles Edward Bass reported a tax-related share disposition tied to vesting of restricted stock. On May 5, 2026, 645 shares of common stock were withheld at a price of $18.76 per share to satisfy tax obligations at vesting. After this withholding, Bass directly holds 127,720 shares of Climb Global Solutions common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bass Charles Edward
Role
Chief Alliance Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 645 | $18.76 | $12K |
Holdings After Transaction:
Common Stock — 127,720 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 645 shares
Withholding price: $18.76 per share
Shares held after transaction: 127,720 shares
3 metrics
Shares withheld for taxes
645 shares
Withheld at vesting of restricted stock on May 5, 2026
Withholding price
$18.76 per share
Value used for tax-withholding disposition
Shares held after transaction
127,720 shares
Direct CLMB common stock holdings after tax withholding
Key Terms
restricted stock, tax-withholding disposition, Form 4
3 terms
restricted stock financial
"Shares withheld at vesting of restricted stock for purposes of meeting"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did CLMB executive Charles Edward Bass report?
Charles Edward Bass reported a tax-related share disposition. On May 5, 2026, 645 CLMB common shares were withheld at $18.76 per share to cover tax obligations at vesting of restricted stock, rather than being sold on the open market.
What does transaction code "F" mean in the CLMB Form 4 filing?
Transaction code “F” indicates shares were disposed of to pay an exercise price or tax liability. In this CLMB filing, 645 shares were withheld at vesting of restricted stock to satisfy Charles Edward Bass’s tax obligations, rather than being voluntarily sold in the market.
What role does Charles Edward Bass hold at Climb Global Solutions (CLMB)?
Charles Edward Bass serves as Chief Alliance Officer at Climb Global Solutions. His Form 4 filing reports a tax-withholding disposition related to restricted stock vesting, reflecting routine equity compensation administration rather than discretionary buying or selling activity.